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You are not the only one, beside waiting for them to optimize the game you can do some stuff in the userconfig.ini but first set everything to low ingame, in the userconfig.ini you can do this:
Under [Rendering]
RenderQuality - set this to 80 or even 60%
RenderDistance - 1000-1500 is more then enough and gets you more fps

Under [Sound]
SampleRate=44100 - you might have to add this line if its missing

Under [Terrain]
RenderFlora - Off

Already done most of those. Haven't seen the render distance one, though, so I'll give that a go. I find I get better results keeping graphics on medium, though. It's because low shifts stuff onto the CPU (I think), which is my main bottleneck.

EDIT: Feels better with the RenderDistance thing, but I'm still lucky to get double digit FPS in a major fight. It's unplayable at the moment.

I had major performance issues after I alt tabbed whilst looking down an IRNV scope. Don't do that, I had to restart my entire machine to fix it. Otherwise performance on my GTX 570 is good, even if the game looks like it's been put through a vaseline filter. There are some really low textures in the game and the blur effect on everything does not improve things.

I've created NullkiganVS (no number), NullkiganVS2 and NullkiganVS3 for EU1, EU2 and EU3. I should have enough certs for spawn beacons if nothing else. Will miss vanguards, but having access to semi-useful MAX suits might make up for it.

The only (dis)advantage to the galaxy change is that it makes fights for biolabs less/more awesome (delete as appropriate depending upon whether you know where the second jump and teleporter pads at allatum are).

Damm server is full! Ive had a read of that new player guide, thanks for that it was useful, though one thing am not sure about is are the resources specific to you or do you share the amount with all the players of your faction?